Tags: kevin mccarthy | fdic bank deposit insurance | national debt

McCarthy: Blanket Bank Deposit Insurance Not Needed

McCarthy: Blanket Bank Deposit Insurance Not Needed
Speaker of the House Kevin McCarthy, R-Calif., talks to reporters at the Capitol in Washington, March 24, 2023. (J. Scott Applewhite/AP)

Tuesday, 28 March 2023 08:44 AM EDT

U.S. House Speaker Kevin McCarthy on Tuesday said there was no need for blanket insurance for all bank deposits at this point in time, and that lawmakers should instead focus on addressing the nation's spending and the debt limit.

"I don't think we need that at this moment in time," the Republican Congressman from California told CNBC.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
U.S. House Speaker Kevin McCarthy on Tuesday said there was no need for blanket insurance for all bank deposits at this point in time, and that lawmakers should instead focus on addressing the nation's spending and the debt limit.
kevin mccarthy, fdic bank deposit insurance, national debt
57
2023-44-28
Tuesday, 28 March 2023 08:44 AM
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